Recent content by bazzer

When I found this, it also got me thinking about whether there would be other implications if a trust is not seen to be "carrying on a business". After finding this I tried searching the ATO web site to find some material on what constitutes a business, but couldn't find anything. I guess...

Hi I have a query about the accounting for set up costs for trusts. The following is an extract from ATO ID 2003/525: Issue Is an amount of capital expenditure incurred in establishing a business structure for an entity that predominantly derives investment income deductible under...

Adaran, I would be interested in finding out which council you were dealing with. Bazzer

Today I attended two auctions in Adelaide (Glen Osmond), both of which resulted in the properties being passed with only a vendor bid(s). I also saw another property that was being offered for sale by negotiation after the same situation happended at an auction last week. It appears that the new...

Hi Duncan, Your software sounds pretty good - I am investing primarily through Hybrid Trust structures, but have other investments in my own name. As for the vapourware, being in the IT industry myself I know all it :) I will PM you my contact details. Regards, Bazzer

Hi Duncan, I am currently looking at software for managing IPs (held in a trust). When do you expect to release your software package? Bazzer

Bundy & Martin, Thank you for your responses. I will follow up with your suggested contacts. Bazzer

Does anyone have any recommendations on good mortgage broker located in Adelaide? I realise there are a number of good interstate brokers on this forum, but wanted to explore the option of a local broker first. I invest through a trust and already have multiple properties and I am now having...

I have a suggestion on the issue of joint liability. I am currently investing jointly with a friend through a hybrid trust structure. When we bought our first property through this structure, both of us took out individual loans from the same financial institution (secured against the...

Hi, I am purchasing a house north of the city (in Enfield) and am looking for a property manager. Does anyone have recomendations for a good one? Thanks, Bazzer